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in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do you think that those four points will go in negotiations with the republicans? >> mr. boehner said one thing he's not willing to give up on is maintaining the 35 percent top rate. obama wants 39.6 percent. it is rather significant increase. the obama care tax increase. he takes the tax rate on half of all maul - on small business fall in the higher tax rate of 44 percent and up from 35 percent that. is a body blow to small businesses . obama doesn't care. they are not unionized and don't help him out. we have to protect that part of the country and focus
in terms of raising revenue which boehner grew about. if you grew the economy at reagan levels instead of two percent and obama and french levels, just growing faster and do that for a decade, the federal government gets trillions in taxes. we could undo the damage by having higher growth. >> gretchen: that's the difference in ideology. raise it to 3#.9 percent x. replace the alternative minimum tax with the buffet and raise the state tax and long-term capitol gains from 15-20. where do...
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if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very hurtf artful way in which many people heard differently. >> are you willing to accept more revenue if it doesn't mean the bush tax cut has to be rescinded for the wealthy and rises from 35 to 39 percent. if they make the matt work. >> the issue is the math. the starting point should be going back to clinton era rates. then proceeding with tax reform as the speaker may have been talking about if he was generally talking about eliminating revenues to eliminating loopholes. >> let's right now extend the bush tax cut rates for the 98 percent of the people making less than 250,000 dollars. he says i will sign it
if what speaker boehner was saying he was truly willing to get office ready we begin to work with one another. if what he is simply saying is what republicans used to say which is we are going to lower rate on the wealthy and that will somehow generate -- >> he was talking about closing loopholes and deductions. >> the jury is out still on the -- let me be clear. the tone was good. i think the jury is out on what he said. others may have to clarify. but he said something in a very...
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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the election, we're opposed because it is bad policy and bad for the patients across this land. we actually must get a handle on this spending in this country and in order to do that, it has to be through medicare and medicaid reform an social security reform, all three programs under current law are destined for fewer. we need fundamental reforms to save and strengthen and secure the programs for this generation and, future generations, that is what really -- >> the election, yes, you still have the majority in the house but you lost the election on the presidential level, and you will not kill obamacare for the
speaker boehner was asked this week whether the republican drive to kill obamacare, is dead. here's what he said: >> it is pretty clear the president was reelected. obamacare is the law of the land. >> chris: question: do most house republicans, do you agree with speaker boehner, repeal of obamacare with this election, with his re-election, is dead? >> no. as a physician i can tell you that the reason -- we're not opposed to the president's health care law because of the...
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. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. e> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of
. >> glor: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's comments to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> glor: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin...
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there's the faction that would be amenable to the deal and somebody like john boehner is going to be working toward a deal. and then there's the other side, the more tea party republicans who aren't going to want to accept this, who aren't going to be okay with raising taxes on anyone. and so i think we are going to see a little bit of a fight here. that said, they don't want to be the ones that cause the country to go over the cliff. it's going to be an interesting couple of weeks. >> i think fewer people are more representative of the other side. does grover norquist have any clout? >> he has some. can he stop a short-term deal from being done? it's the desire to never cut a dime from the defense or the military budget. i think the question will be -- we will see a deal, will it be another short-term deal that kind of exchanges the stopping of the sequestration cuts of the military spending increases in favor of something like lifting the cap off social security taxes or adding some taxes to the wealthiest families in addition to the ones that are already going to take effect janua
there's the faction that would be amenable to the deal and somebody like john boehner is going to be working toward a deal. and then there's the other side, the more tea party republicans who aren't going to want to accept this, who aren't going to be okay with raising taxes on anyone. and so i think we are going to see a little bit of a fight here. that said, they don't want to be the ones that cause the country to go over the cliff. it's going to be an interesting couple of weeks. >> i...
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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i do not know where john boehner gets that. gets that.
i do not know where john boehner gets that. gets that.
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speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of millionaires who live in hollywood and voted democrat anyway. >>shepard: what is the president doing differently? >>reporter: aside from promoting his over referendum he will meet with business and labor leaders tomorrow and wednesday at the white house before meeting with congressional leaders. instead of late-night twisting arms in the cabinet room as he tried last year, the president may do a couple of rallies outside the beltway to remind lawmaker how americans voted. >> tuesday we found out the majority of americans agree with my approach, democrats, independents, and some republicans. new we need a majori
speaker boehner could envision tax reform closing loopholes in a way that would increase revenue but the critics are skeptical. but conservative columnist bill kristol shocked the g.o.p. with this comment yesterday. >> it won't kill the country if we raise taxes on millionaires. it won't. i don't understand why republicans don't take obama's offer to freeze taxes for everyone below $250,000. >>reporter: he asked why the republican family should fall on its sword for a bunch of...
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the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. over time, the other premium pac can leave cloudy, hard water deposits, but cascade complete pacs help leave glasses sparkling. shiny! too bad it doesn't work on windows. okay, i'm outta here. more dishwasher brands in north america recommend cascade. in north america is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a l
the question is, this is -- i think a lot of it is on john boehner and mitch mcconnell. can they say to the base of the party, we need to make this deal. it is good for us politically. it is good for the country policy wise, and we need to move on, or do the grovers of the world win out? >> david, thank you very much. chris cillizza. coming up, more fallout from the david petraeus situation. we'll talking to david ignatius. hey sis, it's so great to see you. you, too! oh, cloudy glasses....
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gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we have in the economy right now is businesses aren't inch investigating, they are not expand -lg your operations. can you think of a worst time to raise the tax rate on investment when investment went negative in the last quarter? if businesses are not investing they can't hire more workers and i agree with doug it could cause a ou double-dip recession. gregg: if you force higher income americans to pay more in taxes not through increasing their tax rates but rather closing the loopholes, deductions, credits and so on and so forth, that is still a net increase on that important sector. so how is th
gregg: so, steve is john boehner right or crystal right. >> john boehner gets an a in economics. he's precisely right. a large percentage of the income that barack obama wants to tax at the higher rate is small business income. the other part of it that the speaker didn't mention is the other big component of that income is investment income the money that the people put into the small businesses to create them in the first place. doug knows this very well that one of the big problems we...
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but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the president begins making his case this week. what's different this time is that administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up, and spending be cut if he can't get the deal he wants. norah, charlie? >> wow. bill plante in washington, thank you. >>> later this morning we'll ask conservative activist grover norquist if republicans are backing away from his no tax increase pledge. >>> two weeks ago today superstorm sandy battered the northeast. more than 100,000 homes and businesses still have no power. most of them are on new york's lon
but speaker john boehner told house republicans that after last week's election the mandate from the american people is to work together even if it means additional revenues through tax reform. meanwhile bill kristol, editor of "the weekly standard," seemed to cave in on the president's demand that wealthy people pay more. >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. really? t >> reporter: the...
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tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >> i think there is a deal. the ying and yang is we know there has to be revenues, and i think -- look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more as long as they know we so
tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense....
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john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon: this event that the president had last friday at the white house to a lot of people looked a lot like a campaign event. they was surrounded by people who were described as middle class americans who had voted for him and stakeholders who want to see his particular plans forwarded. there were no questions from the press. it looked a lot like a campaign event. brad, this is part of what the president had so say. he said on tuesday voters said loud and clear on tuesday they won't tolerate politicians who use compromise as a dirty word. cooperation, consensus. is the presid
john boehner has already talked about working with the president on this. let me say this, the vitriol of the last two years or maybe the last four years on both sides to have fence, democrats and republicans, need, that needs to stop. we need to move forward together as a united america and put the vitriol away, put the campaign mode away. i think all americans want that. i know some republicans want that and some democrats want that. let's find that common ground and move forward. shannon:...
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boehner rejects the idea of letting the bush administration upper income tax cut expire. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >> fairly tell. we need the republicans to do in 2012 what we did in 2010. we hear the mandate. continue to cut spending. they have to hear the mandate. >> the players haven't changed but instead of huddling around the table in the cabinet room as he and congressional leaders did in failed negotiation last year, the president may hold series of post thig rally to lock in the bush administration middle income tax rate, that conservative commentator bill crystal suggests is a no-brainer. >> it won't hurt the country if we raises a little bit on millionaires. it won't. >> why would they fall on the sword for millionaires half
boehner rejects the idea of letting the bush administration upper income tax cut expire. >> instead of raising tax rates on american people and accepting the damage it will do to the economy, let's start to solve the problem. >> focus on tax reform to closeer the loopholes and lower tax rate. >> tax reform in seven weeks before the end of the year is a tall if not impossible task. some lawmakers want to buy time. others don't believe lowering tax rate raises revenue. >>...
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boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the republicans talk about robbing the banks when the bush tax cuts robbed us -- >> here's the question, will the democrats go along with cuts and entitlement spending? >> i don't know, wolf. i will be up on capitol hill on thursday. i want to hear from them. i don't want to tell them what to do because i do believe they have a mandate from the american people to basically put everything on the table and to come up with a balanced approach and not listen to the nightmares the republicans are -- >> donna has a point. and i think a lot of republicans agree with barack obama on this. but it's the barack obama who said when the economy's weak, you don't raise taxes on anybody, which is why he intended the bush tax cuts for two more years. but that's not the point. i think you'll find republ
boehner to try to get the votes. mr. boehner has never been able to deliver the votes without ms. pelosi and the democrats delivering those votes. i think the democratic position is to come up with a fair and balanced proposal to not raise taxes on the middle class and to not sit back and listen to the republicans talk about robbing the banks when the bush tax cuts robbed us -- >> here's the question, will the democrats go along with cuts and entitlement spending? >> i don't know,...
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does he sit down in a room and honestly openly negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives which is my segue into your book, okay, because you've written this book about george washington and his bold moves to break the stalemate of the revolutionary war. so much has been written about george washington. what do you want readers to take away from this book that's new? >> well, i think particularly this morning is the launch of an american legacy book tour that calista and i are doing because she has two new children's books out for american history. the first thing is to say to people we have a long history of overcoming adversity. george washington is probably the greatest example of that, and in "victor
does he sit down in a room and honestly openly negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives...
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i think boehner has been very clear. i think revenues are on the table. they are at the moment drawing a line on tax rates, but we will see where that goes. the last time, you are right, didn't work and we were not facing quite the same set of circumstances we are facing today so i'm cautiously optimistic although i will offer to say lastly that people sometimes say okay, it looks like simpson-bowles, everything in between zero and $4 trillion we could end up with all kinds of outcomes that may be less than i would like and maybe less than all of you would like but at least something. i'm hoping it is more over here but i don't know. >> and steve, so we are gathered here to talk about u.s. global competitiveness. how important is resolving these issues to the american position on the global economy? >> first of all i think it's important not just our position in the global comment about our position in the world. admiral mullen who was the previous chairman of the joint chiefs of staff said our greatest national security threat was our fiscal position and
i think boehner has been very clear. i think revenues are on the table. they are at the moment drawing a line on tax rates, but we will see where that goes. the last time, you are right, didn't work and we were not facing quite the same set of circumstances we are facing today so i'm cautiously optimistic although i will offer to say lastly that people sometimes say okay, it looks like simpson-bowles, everything in between zero and $4 trillion we could end up with all kinds of outcomes that may...